Policy Option Projections
Below are our projections of the effects of various retirement policy proposals on Social Security beneficiaries. For each proposal, we also link to SSA's actuarial projections of the effects on the Social Security trust fund.
- Cost of Living
Family Benefit Changes
|Proposal||Start/end date(s)||Proposed by||Projected effects on…|
|Beneficiaries in…||Trust funds|
|Create an alternative survivor benefit:
Survivor receives the higher of the current law benefit or the alternative benefit equal to 75% of the survivor's own benefit plus the deceased worker's PIA
|2015/NA||Begich/ Murray||2030 | 2050 | 2070||OACT D4|
|Reduce marriage duration requirement for divorced spouse benefits:
Allow divorced spouses who were married at least 5 years to receive benefits, but at a reduced rate
|2015/NA||Begich/ Murray||2030 | 2050 | 2070||OACT D3|
|Reduce spousal benefits:
From 50% to 33% of the worker's PIA
|2015/NA||NASI||2030 | 2050 | 2070||OACT D2|
NOTES: NASI = National Academy of Social Insurance, OACT = Office of the Chief Actuary.
Because the timing of OACT updates to Trust Fund projections may not coincide with the timing of our updates, the specifications used to make these projections (e.g., years and amounts) may differ.